OLUWOLE MAKINDE

As a Credit Control Officer in a bank, my role is crucial in ensuring the financial stability and sustainability of the institution. My primary responsibility is to monitor and manage the credit risk associated with the bank's lending activities. This involves assessing the creditworthiness of borrowers, monitoring their payment behavior, and taking appropriate actions to mitigate any potential losses.

One of the key tasks in my role is to evaluate loan applications and determine whether or not to grant credit to potential borrowers. This involves analyzing the financial statements, credit history, and cash flow projections of applicants to assess their ability to repay the loan. I also review the purpose of the loan and the underlying collateral to determine the level of risk involved.

Once a loan is approved, my role shifts to monitoring the borrower's repayment behavior. I keep a close eye on their payment history, identifying any potential signs of financial distress or default. If a borrower begins to miss payments or shows signs of financial instability, it is my responsibility to take swift and appropriate action to protect the bank's interests.

In cases where a borrower defaults on a loan, I work closely with the legal and recovery teams to pursue all available avenues to recover the funds owed to the bank. This may involve negotiating repayment arrangements, initiating legal proceedings, or liquidating collateral to offset the outstanding debt.

In addition to managing the credit risk associated with lending activities, I also play a key role in developing and implementing credit policies and procedures to ensure compliance with regulatory guidelines. I regularly review and update credit risk management practices to reflect changes in the economic environment and banking industry trends.

Furthermore, I work closely with other departments within the bank, such as the loan origination team and the risk management team, to ensure effective communication and coordination of credit-related activities. By collaborating with these teams, I am able to ensure that credit decisions are made in a timely and consistent manner, and that potential risks are identified and mitigated before they become significant issues.

In conclusion, my role as a Credit Control Officer in a bank is essential in safeguarding the institution's financial health and minimizing credit risk exposure. By diligently monitoring borrowers' creditworthiness, managing repayment behavior, and implementing robust credit policies and procedures, I contribute to the overall success and sustainability of the bank.

JOB FUNCTIONS AS A CREDIT CONTROL OFFICER

Monitoring and maintaining the credit worthiness of the bank's customers by ensuring that they adhere to their credit agreements and make timely repayments 

Analyzing the customer's financial history, credit rating, and repayment capabilities.

Tracking payments, following up on overdue accounts, and taking appropriate action to recover outstanding debts.

Reporting on the Bank's portfolio by analyzing data on delinquent accounts, payment trends, and credit losses to identify potential risks and opportunities for improvement. 

Collaborating with other departments to ensure timely repayment of debts, minimize credit losses, improve profitability, and maintain the bank's reputation as a responsible lender. 

Developing and JOB FUNCTIONS AS A CREDIT CONTROL OFFICER

Monitoring and maintaining the credit worthiness of the bank's customers by ensuring that they adhere to their credit agreements and make timely repayments 

Analyzing the customer's financial history, credit rating, and repayment capabilities.

Tracking payments, following up on overdue accounts, and taking appropriate action to recover outstanding debts.

Reporting on the Bank's portfolio by analyzing data on delinquent accounts, payment trends, and credit losses to identify potential risks and opportunities for improvement. 

Collaborating with other departments to ensure timely repayment of debts, minimize credit losses, improve profitability, and maintain the bank's reputation as a responsible lender. 

Developing and implement strategies for loan recovery. 

Working closely with legal professionals to pursue legal action against defaulting borrowers 

MY CREDIT CONTROL SKILLS

Good numeracy skills

Excellent Microsoft Excel skills.

Analysis and data presentation skills.

Excellent verbal and written communication skills to communicate with other employees.

Understanding of regulatory requirements and compliance standards.

Strong problem-solving and decision-making skills strategies for loan recovery. 

Working closely with legal professionals to pursue legal action against defaulting borrowers 

MY CREDIT CONTROL SKILLS

Good numeracy skills

Excellent Microsoft Excel skills.

Analysis and data presentation skills.

Excellent verbal and written communication skills to communicate with other employees.

Understanding of regulatory requirements and compliance standards.

Strong problem-solving and decision-making skills 

M.Sc. Degree in Environmental Assessment & Control

University of Derby, Derby, United Kingdom (2023)

Grade: Merit

M.Sc. Degree in Environmental Management 

University of Lagos, Akoka, Lagos, Nigeria (2015 )

Grade: Merit

B.Eng. Degree in Civil Engineering (2005 )

Federal University of Technology, Akure, Nigeria.

Grade: First Class ( Distinction)